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How Donald Trump’s Presidency Might Affect Businesses and the Economy – The World Reporter
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Donald Trump President of USA

Donald Trump, sorry – President Donald Trump – made his name in real estate and other businesses, and now he has the keys to the White House and, with it, the title of most powerful man in the world. For a man who made the economy a significant part of his election campaign, it’ll be no surprise that some of the biggest changes he enacts during his tenure in the White House will have to do with financial markets, trade, and businesses. But what exactly can we expect from the economy over the next four years, and how will businesses be affected? We take a look at some of the biggest shifts that might occur, as well as some of the winners and losers of Trumps policies.

Stock Market

Wall Street hasn’t always been the most consistent street on earth, but even by the financial district’s up and down past, Trump’s presidency is something new entirely. If there’s one thing that the stock market needs to be healthy, it’s stability. And Donald Trump doesn’t offer stability. In fact, his rise to the highest position in the land was such a shock that Wall Street was shook the moment it was announced he had won the election. Of course, Wall Street will eventually bounce back – and might even benefit from some of Trump’s policies, but the ever present threat of destabilization will make the stock market increasingly volatile, especially in light of the president’s mantra of ‘America First’. How does that attitude affect a global market? We’ll have to wait to find out.

Immigrants

After the economy, Donald Trump’s main focus was on immigration. He was mostly talking about illegal immigration, but the wider implications of his rhetoric were hard to avoid, even if they were just collateral damage: immigrants will not be front of the queue to benefit from Trump’s policies. The moral debate about this is irrelevant to business; what actually matters is how businesses that rely on foreign labour will be able to cope with any changes that limit a foreigner’s ability to work in the United States. Resort areas are dependent on overseas labour to fill busy seasonal periods, and they won’t be easily replaced; indeed, the reason they are hired is often because the company can’t find Americans who want to work on a short term basis.

For companies that hire the very best employees regardless of where they hail from, such as start ups and IT companies, Trump’s policies might make it more difficult for them to get the necessary work visas.

Tax

If you’re a high earner and/or have a vested interest in the profits of a corporation, then Donald Trump might just be the hero you need in order for you to take home more of your money. For starters, President Trump is going to simplify the tax process, more than halving the number of tax brackets. If you’re among the highest wage earners, you’ll see your tax rate drop from nearly 40% down to 33%. Corporate taxes are also being lowered to 15%, and companies who have been concealing their earnings in overseas territories will be able to move their money back home for a one off 10% tax.

Deregulation

Donald Trump is a businessman and, like many other businessmen, has a loathing of nitpicking regulations that stop companies doing business with another and the public at large. Now that there is a businessman in the White House, we might soon have a situation whereby many of the regulations that have stagnated the economy are lifted, and businesses allowed to flourish. This could mean changes in lending laws, financial and banking practices, emission laws, and much more becoming the norm as an era of an open economy comes to pass.

While this might be good for business owners, workers are more likely to feel the strain of any rollbacks of regulations, as in many cases they were initially enacted into law their benefit. For instance, getting rid of the Affordable Care Act, or at least the parts that say businesses that employ 50 or more workers have to offer health coverage, would have a hugely detrimental effect on workers. See also the minimum wage, which Trump has been wavering on. At the moment, he supports a rise to $10 an hour – but will the change, or is it enough anyway?

Trade Deals

Many businesses are connected with other parts of the world in some way or another, and this is only made possible due to trade agreements that have been agreed in the past. Donald Trump has vowed to rip up the trade deals that he believes do more harm than good for the United States, and negotiate new deals with countries around the world. This might sound good to some Americans, but the policies come with a long set of problems. For instance, Trump would like to negotiate trade deals that bring American factory jobs back to the states, but this simply can’t happen – any companies that move back to the states will use automated machines to make their products, not workers. Additionally, punishing companies who outsource their work overseas might make them employee domestically, but there would no way that prices could stay the same if workers commanded an American salary. And what a public that cannot afford to buy do for the economy?

Conclusion

Trump has only been Commander-in-Chief for a matter of days, so it’s too early to tell exactly how his presidency will shape social and economic life in the United States and beyond. Needless to say, the economy is heading some big changes once Trump gets properly underway with his plans. If the potential changes listed above frighten you, then A. You’re not alone and B. Perhaps it’s worth remembering that Trump has a habit of flip flopping on ideas, even those that appear to be key to his policies, depending on his whim. So it might not all be as bad as it seems. Or it might be worse. We’ll have to wait and see.

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Employee Training and Development Becomes One of the Most Disruptive Megatrends That Is Shaping the Future of Work

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Employee training

There is no question about the effectiveness of employee training and development. It’s incredibly important to help your staff advance their skills and knowledge to help grow a business, but the impact of employee learning has often been understated and even neglected. However, companies are now suggesting that employee training and development is one of the biggest megatrends that have completely transformed the future of work. It has overhauled how businesses should be developing and engaging with employees, and it’s leading to an incredibly diverse and talented workforce that is capable of wonderful new things.

Part of the problem of employee training and development is that it’s difficult to measure its impact on the workplace. Employee performance often isn’t a quantitative measurement that is easy to read and link to their output. This is one of the reasons why the effectiveness of employee training and development has been questioned by management experts.

Thankfully, new strategies have been developed to help measure workplace learning and its impact on companies. Below, we’ve included a helpful infographic that covers some of the most important measurements, such as return on investment and how it is calculated in the context of employee learning and development. It should put the effectiveness of employee training into perspective and will help you better understand when training is needed and how development actually improves your business and its productivity.


Infographic by: Ezra Coaching
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Top 10 Simple Health Changes To Boost Your Well-Being

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It does not matter how old you are, where you live, or what your occupation is, your health should always be a top priority. However, most of us are a little bit guilty of letting our well-being slide from time to time. With that being said, read on to discover some of the simple ways you can give your health a boost today.

  1. Get rid of at least one item in your life that contains toxic chemicals – You may be shocked by just how many items in your life contain toxic chemicals. This includes everything from air fresheners to bed sheets. Get rid of one of these items and replace it with something natural instead. This is something you should make a habit to do every few months or so. You will be surprised by just how much of a difference this can make. 
  2. Deep breathe for at least five minutes – Throughout the day, you should make sure you take the opportunity to deep breathe for at least five minutes. Why? Well, there have been numerous studies that have shown that deep breathing can help to lower stress hormone levels. This means that you will feel better, get an improved night’s sleep, and you will have less anxiety too.
  3. Drink more water – You probably expected this to be on the list, but the importance of drinking more water should never be ignored. Your body needs water for almost every function. If you are dehydrated, this could be the cause of headaches, pains, aches, and a number of other symptoms.
  4. Have one veggie night per week – A lot of people eat far too much meat, red meat especially. So, why not have a veggie night once a week? Not only is this good for your health, but it will be good for your bank balance too. There are so many great recipes online that can give you ideas regarding tasty and creative dishes that do not incorporate any sort of meat or fish. Once you start off with one night per week, you may then decide that you want to up it to two nights, and so on. However, it always helps to start off small so that it is easier and more manageable, and you can then get used to it.
  5. Sign up for an online pharmacy – Nowadays, you can easily order your prescriptions and medications over the Internet via an online pharmacy. This can help you to boost your health because it ensures you never experience delays with your medication. If you are someone who often doesn’t take their recommended course of tablets because you cannot get to the doctors in time for a repeat prescription, then this is definitely a good suggestion for you. Your medication will be delivered to your door with a click of a button.
  6. Make a dedicated effort to lower your stress levels – There is no denying that we live in a very stress-filled world at the moment! The world we live in is one that has heaps of pressure, and it can be difficult to stay on top of everything and keep those stress levels low. However, it is vital that you find a way to do so. After all, if you don’t adrenal fatigue and health can start to take a tumble, which is the last thing you want. For those who are unaware, adrenal fatigue relates to a group of different symptoms that impact people who are under a lot of physical, emotional, or mental stress. From being a single parent to having a stressful job, there are a lot of different reasons why you may be struggling. Therefore, we recommend that you look for different ways to reduce those stress levels so that you can enjoy a more calming and peaceful life. Whether it is doing some breathing techniques or taking more regular breaks so you can have moments for yourself, there are a lot of different ways that you can make sure you are keeping your stress levels to a minimum. The importance of this should not be overlooked, as stress can impact our mental and physical health in so many different ways. 
  7. Do something nice for someone every day – You will be surprised by how good this makes you feel, and by how much this has a positive impact on your health. It’s all about mental well being. When you do something nice for another person, you are benefitting their health, as well as your own. First and foremost, there is no denying that it feels good to hear some nice words for someone or to get a helping hand when you need it. You feel recognised and appreciated, and this is something we all need. At the same time, doing something nice for someone else and seeing their reaction can make you feel amazing too. After all, doing something good for someone is a gift for yourself at the same time. You will find that the deed continues throughout the day, making you feel great and happy within yourself. 
  8. Incorporate some movement into your commute – If you do not have an active job, this is particularly important. Sitting at a computer all day can be bad for your health. One way to combat this is by incorporating some movement into your commute. If you can walk or bike to work, you should give this a go. If not, start parking your car further away from your place of work so that you have to walk there and back. You should also start using the stairs instead of the elevator whenever you can.
  9. Start meal planning – You will find it much easier to eat healthily if you plan your meals. At the start of every week, make a menu of what you are going to cook for dinner every evening, as well as what you are going to make for your lunches every day. Not only will this help you to eat better, but you will save money too. Make sure you incorporate some healthy snacks into your food prep for work. This will stop you from going to the vending machine whenever you are bored or your energy is zapped. The great thing about the times we live in at the moment is that you can easily get recipes and meal prep inspiration online. So, if you are struggling, simply do a little bit of digging online and we are sure that you will find a lot of different options when it comes to meal ideas and clever food prep suggestions for the week ahead. Not only is this going to help you to be more organized, but you will find that it actually saves you quite a bit of money in the process. After all, when we do not have a food plan for the week ahead, we tend to spend a lot of money on items we do not need. Food can end up going in the bin because we do not use it. This ends up in an awful lot of waste, and we should all be looking to reduce this, so meal prep is great in many ways.
  10. Keep a journal – Last but not least, keeping a journal is good for a person’s mental health. You should write down your thoughts. It doesn’t need to be a long entry; you can simply jot down a few bullet points every evening. This will help you to articulate your thoughts so that they do not wear you down. After all, it can be very difficult to sleep if you have lots on your mind. A lot of experts advise this approach for people who suffer from insomnia. One of the main reasons why a lot of people struggle to get the hours of sleep they need is because they cannot shut off when they go to sleep; their minds are still going at a million miles per hour. They are thinking about what they need to do the following day and any worries or concerns that they may have. Because of this, it very much makes sense to keep a journal so you can offload some of these thoughts and worries and you can have a much more restful night of sleep. Once you get into the habit of doing this, you will see that it actually does make a significant difference when it comes to drifting off and enjoying a good night of rest. 

So there you have it: some of the best ways to give your health a boost. The suggestions that have been provided are really simple and easy, so there is no excuse not to give yourself a bit of TLC. we are sure that you will start to notice a difference as time goes on. However, as is the case with anything, it requires patience and persistence. You cannot expect to turn your health around in one night.

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Why Buy A Business, Rather Than Start One

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There are good and bad sides to buying a business and starting your own business from scratch. For lots of people, the positives of buying an established business outweigh the positives of starting a business. Here are the reasons why buying an existing business could be the right choice.

Easier To Secure Finance

All businesses will need finance. Unless you can fund your business yourself, you’ll need to secure financing from investors. Most lenders will be more willing to lend money to an established business that they can already see is doing well, rather than risk an unknown factor. 

Income From Day One

One of the downsides of starting a business is that most start-ups will go through an early stage where they don’t make much, if any, money. For some entrepreneurs, this stage can last for several years. 

During this stage, you will need to pay out for things like your premises, as well as equipment, installation of equipment, stock, materials, fixtures and fittings, legal and professional fees, a license, uniforms, and more. 

If you don’t have finance in place or another form of income, this stage can be very tough for a new business owner. If you buy a business, you can start earning from day one, and avoid this tricky period where you might be out of pocket.  

Established Brand

When you buy a business that already exists, you are also buying into a brand that is already known, recognizable, and has a track record. You get the business complete with all the trademarks, copyrights, and websites associated with it, as well as the business locations

This means that your business will already have customers, lenders, suppliers, and other contacts that are confident in the business already. 

Instant Customer Access

An existing business also has customers already, which can help you succeed straight away. You can use a range of strategies and marketing to build on the existing customer base, but won’t have to struggle to build a customer base from scratch. 

Established Network Of Contacts

When you start a business from scratch, a lot of your time and energy has to be put into building up a network of contacts. 

All businesses need to have supplier and marketing contacts, so buying an existing business that already has those contacts in place allows you to hit the ground running.

Like money lenders, suppliers and marketing companies are more likely to offer you more favourable terms if your business has been around for a while and they know it.  

Focus On Growing The Business

When an entrepreneur starts a new business, they will have to put a lot of their energy into getting their business off the ground. This takes a lot of time and can be very tiring. 

On the other hand, when you take over a business that is already established, you’ll be freer to focus on the areas of the business that most need your attention, aiding the growth of the business as a whole. 

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